The following table should be read in conjunction with Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and Item 8. Financial Statements and Supplementary Data.
Year Ended December 31,
(In millions, except per share data)
2019
2018(a)
2017(b)
2016
2015(c)
Statements of Income Data
Sales and other operating revenue(d)
$
123,949
$
96,504
$
74,733
$
63,339
$
72,051
Income from operations
5,576
5,571
4,018
2,386
4,708
Net income
3,255
3,606
3,804
1,213
2,868
Net income attributable to MPC
2,637
2,780
3,432
1,174
2,852
Net income attributable to MPC per share:
Basic
$
4.00
$
5.36
$
6.76
$
2.22
$
5.29
Diluted
$
3.97
$
5.28
$
6.70
$
2.21
$
5.26
Dividends per share
$
2.12
$
1.84
$
1.52
$
1.36
$
1.14
Statements of Cash Flows Data
Net cash provided by operating activities
$
9,441
$
6,158
$
6,612
$
4,017
$
4,076
Acquisitions, net of cash acquired(a)(c)
129
3,822
249
—
1,218
Common stock repurchased
1,950
3,287
2,372
197
965
Dividends paid
1,398
954
773
719
613
December 31,
(In millions)
2019
2018(a)
2017
2016
2015(c)
Balance Sheet Data
Total assets
$
98,556
$
92,940
$
49,047
$
44,413
$
43,115
Long-term debt(e)
28,838
27,524
12,946
10,572
11,925
(a)
On October 1, 2018, we acquired Andeavor. The financial results for these operations are included in our consolidated results from the date of acquisition.
(b)
Earnings for 2017 include a tax benefit of approximately $1.5 billion, or $2.93 per diluted share, as a result of re-measuring certain net deferred tax liabilities using the lower corporate tax rate enacted in the fourth quarter of 2017.
(c)
On December 4, 2015, MPLX, our consolidated subsidiary, merged with MarkWest. The financial results for these operations are included in our consolidated results from the date of acquisition.
(d)
Includes sales to related parties. The 2019 and 2018 periods reflect an election to present certain taxes on a net basis concurrent with our adoption of ASU 2014-09, Revenue - Revenue from Contracts with Customers (“ASC 606”).
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